Robert Stringer, director of the Babson SVP, will discuss 'soft business issues' with student startups
By Lucia Maffei - February 14, 2019
By his own admission, Robert “Bob” Stringer is not “a high-tech guru.” His experience is in what he calls “good-for-you, health and wellness, food and beverage” startups.
Bob Stringer (Photo provided by Babson)
Still, the new director of the Babson Summer Venture program – a 10-week long program that aims at accelerating the development of student ventures from Babson, Olin College of Engineering and Wellesley – knows he’s likely to encounter many tech startups as the new edition of the program prepares to select the final 15.
Stringer took over the position from David Chang, who was the first non-faculty member to hold the role. He’s been long associated with Babson as a lecturer; he was also the founding general partner of Sherbrooke Capital, a $100 million VC firm based in Boston.
We reached out to Stringer to discuss his appointment—plus many other things, such as how early-stage entrepreneurs tend to underestimate the importance of culture building, and the Babson companies in his portfolio.
When did you first hear about the Babson Summer Venture Program?
I have a long relationship with Babson, having taught there in the MBA program. Then, I ran a program during the summer called the “Global Entrepreneurship Program.” So, I was somewhat familiar with the Blank Center, and I know David Chang [former director of the Summer Venture Program, currently CEO of Gradifi since November 2018], and I know Debi Kleiman, who runs the SVP … She reached out to me and I expressed my interest.
Can you describe for me the moment when you thought, “Ok, I want to take over this role”?
I’ve done a lot of different things in my career: venture, investing, angel investing; I’ve started a few businesses; I teach; I’ve consulted; I’ve written some books. But there’s nothing more fun, for me, than hanging out with a bunch of people who are passionate about what they do.
What is your experience about working with companies that are really, really early-stage?
I have a portfolio of, originally, 38 companies, now it’s down to about 30. Included in my investments, there are four companies founded by people who were my actual students at Babson. They started from absolute scratch. So I’m very used to – and enjoy, quite frankly – working with enterprises that haven’t yet been born.
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